Common use of Loan Repayment Clause in Contracts

Loan Repayment. 7.1 The Bank may at any time give you notice in writing that if an accrued debt is not paid within a stipulated period from the date of receipt by you of the notice then Telkom may, without further notice, freeze your T-kash account from borrowing from the fund until payment in full. 7.2 Repayment of any amount due includes but is not restricted to repayment of the Interest and principal amount, and may be made through partial payments or a full payment. 7.3 It is agreed that the loan shall be available on an ongoing/continuous basis for a period of fourteen (14) days, with a further period of up to thirty (30) days from the first date of utilization of the loan. 7.4 Any funds available in your Hustler Fund account shall be applied towards repayment of the amount due in the following order of priority: 7.4.1 First in repayment of unpaid Interest. 7.4.2 Secondly towards repayment of the principal amount.

Appears in 2 contracts

Samples: Hustler Fund Savings and Loan Product Agreement, Terms and Conditions

AutoNDA by SimpleDocs

Loan Repayment. 7.1 The Bank may at any time give you notice in writing that if an accrued debt is not paid within a stipulated period from period. From the date of receipt by you of the notice then Telkom Airtel may, without further notice, freeze your T-kash airtel money account from borrowing from the fund until payment in full. 7.2 Repayment of any amount due includes but is not restricted to repayment of the Interest interest and principal amount, and may be made through partial payments or a full payment. 7.3 It is agreed that the loan shall be available on an ongoing/continuous basis for a period of fourteen (14) days, with a further period of up to thirty (30) days from the first date of utilization of the loan. 7.4 Any funds available in your Hustler Fund account Account shall be applied towards repayment of the amount due in the following order of priority: 7.4.1 First first in repayment of unpaid all Interest.; and 7.4.2 Secondly secondly towards repayment of the principal amount.

Appears in 2 contracts

Samples: Hustler Fund Savings and Loan Product Agreement, Terms and Conditions

AutoNDA by SimpleDocs

Loan Repayment. 7.1 The Bank may at any time give you notice in writing that if an accrued debt is not paid within a stipulated period from period. From the date of receipt by you of the notice then Telkom Safaricom may, without further notice, freeze your TM-kash account PESA Account from borrowing from the fund until payment in full. 7.2 Repayment of any amount due includes but is not restricted to repayment of the Interest interest and principal amount, and may be made through partial payments or a full payment. 7.3 It is agreed that the loan shall be available on an ongoing/continuous basis for a period of fourteen (14) days, with a further period of up to thirty (30) days from the first date of utilization of the loan. 7.4 Any funds available in your Hustler Fund account Account shall be applied towards repayment of the amount due in the following order of priority: 7.4.1 First first in repayment of unpaid all Interest.; and 7.4.2 Secondly secondly towards repayment of the principal amount.

Appears in 1 contract

Samples: Terms and Conditions

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!